PARA 4.4.16
Diamond Imprest Licence for import of cut & polished diamonds including
semi processed diamonds, half cut diamonds, broken in any form, for
mixing with cut & polished diamonds or for export as it is, may be
issued for export of cut & polished diamonds. Such licences shall carry
an export obligation, which has to be discharged in accordance with the
procedure specified in this behalf.
(Please refer CUS CIR NO.37/2002 DATE 28/06/2002)